14 Most Undervalued Cybersecurity Stocks to Invest In

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6. Gen Digital Inc. (NASDAQ:GEN)

Forward P/E: 6.65

On April 13, RBC Capital analyst Matthew Hedberg lowered the firm’s price target on Gen Digital Inc. (NASDAQ:GEN) to $22 from $29 while maintaining a Sector Perform rating, citing weak sentiment across the software sector. The firm pointed to macroeconomic uncertainty, geopolitical risks, and the disruptive impact of AI technologies as key factors weighing on investor confidence and limiting near-term upside across cybersecurity names.

The same day, Barclays also reduced its price target on Gen Digital Inc. (NASDAQ:GEN) to $26 from $32 while maintaining an Equal Weight rating, as part of a broader reassessment of software and security stocks ahead of Q1 earnings. The firm noted that while underlying demand trends remain stable, valuation adjustments are necessary in light of changing market dynamics and evolving competitive pressures.

Gen Digital Inc. (NASDAQ:GEN) is a global consumer cybersecurity company formed through the merger of NortonLifeLock and Avast. The company offers a comprehensive suite of cyber safety solutions, including identity protection, online privacy, and device security, through well-known brands such as Norton, Avast, LifeLock, and AVG. With a large global user base and a subscription-driven business model, Gen Digital is positioned to capitalize on the growing importance of personal cybersecurity, supporting a steady long-term growth outlook despite short-term market volatility.

While we acknowledge the potential of GEN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GEN and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Most Undervalued Cybersecurity Stocks to Invest In.

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